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." see you right back here tomorrow. just a few more days till the fiscal cliffness. coming up next, chris jansing. bye-bye. [ male announcer ] this is bob, a regular guy with an irregular heartbeat. the usual, bob? not today. [ male announcer ] bob has afib: atrial fibrillation not caused by a heart valve problem, a condition that puts him at greater risk for a stroke. [ gps ] turn left. i don't think so. [ male announcer ] for years, bob took warfarin, and made a monthly trip to the clinic to get his blood tested. but not anymore. bob's doctor recommended a different option: once-a-day xarelto®. xarelto® is the first and only once-a-day prescription blood thinner for patients with afib not caused by a heart valve problem, that doesn't require routine blood monitoring. like warfarin, xarelto® is proven effective to reduce the risk of an afib-related stroke. there is limited data on how these drugs compare when warfarin is well managed. no routine blood monitoring means bob can spend his extra time however he likes. new zealand! xarelto® is just one pill a day, taken with the ev
. >> coming up on "the willis report", obama ad the house republicans not letting on their fiscal cliff stands. the fiscal cliff symbolizes time over tragedy. it will soon be a loss for many new york city commuters. but the tablet top your christmas wish list? christmas wish list? have before copd... i tk my son fishing every year. we had a great spot, not easy to find, but worth it. but with copd making it hard to breathe, i thought those days might be over. so my doctor prescribed symbicort. it helps significantly improve my lung function starting within five minutes. symbicort doesn't replace a rescue inhaler for sudden symptoms. with symbicort, today i'm breathing better. and that means...fishn! symbicorts for copd including chronic bnchitis and emphysema. it should not be taken more an twice a day. symbirt may increase your risk of lung infections, osteoporosis, d some eye problems. tell your doctor if you have a heart condition or hi blood pressure before taking it. with copd, i thought i'd miss our family tradition. now symbicort significantly improves my lung function, starting within
and the house republicans not letting on their fiscal cliff stands. the fiscal cliff symbolizes time over tragedy. it will soon be a loss for many new york city commuters. but the tablet top your christmas wish list? we have the best of the best on "the willis report" coming up next can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is is trick to t my spot? [ male announcer break from the holiday stress. save on ground shipping at fedex office. heartburn symptoms causedelieve by acid reflux disease.y stress. osteoporosis-related bone fractures and low magnesium levels have been seen with nexium. possible side effects include headache, diarrhea, and abdominal pain. other serious stomach condions may still exist. talk to your doctor about nexium. i have obligations. cute obligations, but obligatio.ming. i need to rethink th core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for e heart of your portfolio. f
that goes. you don't get it. all right, stocks closely watching the fiscal cliff talks. coming up, chief investment officer will tell us what will happen if there is a deal where if there is no deal. ashley: michael bloomberg crack a joke the only people buying egos. he could soon become one of those. as it everyday at this time, take a look at how oil is trading moving slightly lower even though the suggestion demand from china is off, oil down slightly by $0.10, 85.83 per barrel. tracy: it is time to make some money with charles payne. this hour he is looking at online networking site linked in. getting a little bounce, but has been on a tear. charles: this is a incredible stock. you put six flights out of business. i'm telling you right now. today part of the reason it is up, kind of odd, some sort of stock speculation mayor bloomberg may be interested in doing something, taking it over. even without that, this is a stock i like a lot. at least the third time this year my subscribers are in a stock. the latter earning report my two cents coby district by 100%, the stock finally looked
-time payout of $192 million, because of higher taxes that could come as a result of the fiscal cliff. i'm ainsley earhardt. back to "on the record" with dana perino. than a dozen chrysr workers caught on-camera drinking, getting high on their lunch breaks, then returning to work on a jeep assembly line. you saw this video two years ago. eventually chrysler employees got the axe, but now they're back on the job. we broke the story originally. rob, how did they pull this one off? >> well, they went to arbitration. the arbitrator sided with the workers. so the uaw workers got their jobs back, as simple as that. >> but explain that to me, because most places, people watching across america tonight, would say, okay, if i showed up on the job, drunk or high, hung over, caught on my lunch break, doing something that might impair the people around me, or the actual work i'm doing, i would lose my job. so what do the unions have that others don't have that get them a second chance at a job like this? >> well, this is a situation where chrysler fired the workers. they were embarrassed by the vide
that in just a few short weeks, the fiscal cliff is coming to town ♪ merry cliffmas. and with a dramatic name like fiscal cliff, it's got to be exciting. jim? >> the president's asking for $1.6 trillion in revenue. >> $600 billion in tax hikes. >> entitlement reform. >> dividends and capital gains. >> discretionary spending. [ cheers and applause ] >> i'm up. what happened? is it over? [ bleep ] >>> good morning. it's wednesday, december 12th. look at that shot of new york city. >> wow. >> it's dark at 6:00 on the east coast. welcome to "morning joe." with us on set here in new york city, we have msnbc contributor, mike barnicle. >> in my ear, mika. >> no, he was at the white house. >> i don't understand. where's t.j.? >> he's off today. >> why's that? >> he was busy. he went to the white house. >> that's great. you know, alex went to the white house, too. >> and drove back himself. >> let me get this straight. so alex goes to the white house last night. >> mm-hmm. >> because, you know, right-wing bloggers, we actually -- that's how we get our talking points. they go down -- valerie and david
should do about the fiscal cliff, coming up. speak of america's money crisis what, does this have to do with it? that former u.s. senator doing gangam style. he's trying to inspire you. >> i couldn't believe this. starbucks is now introducing i guess for the holidays a $450 gift card. [ cheering ] >> starbucks, $450 gift card, yeah. it's good for two small coffees and a josh groban cd. that's what it gets you the r. [ whistle blowing ] where do you hear that beat? campbell's healthy request soup lets you hear it... in your heart. [ basketball bouncing ] heart healthy. great taste. mmm... [ male announcer ] sounds good. it's amazing what soup can do. let's see if we can get the same item at walmart f less? okay. fijit friends. fifteen bucks on rollback. wow! that's a savings of over 29 bucks! twenty-nine bucks!!?? and they're powered by friendship. see for yourself if you could save on brands you want. walmart. >> you hear about this? mike tyson says in 1998 he found brad pitt in bed with his ex-wife, robin givens. of course, pitt has evidence to refute that. the fact that he still has b
, sequestration or the fiscal cliff. coming back to the fiscal cliff, let's take up one of the very big programs and i'm not talking about the department of defense, which is one of the major expenditure items but that's not the subject for tonight. tonight, the subject is medicare and medicaid. the medicare program is a big one and it certainly is a program that's expensive and is a program that has grown on the average faster than inflation. but in the last two years, that's not the case. and we'll discuss that in more detail later. in fact, medicare has fallen below the general rate of health care inflation. let's talk about what we can do about medicare instead of saying what we ought not do, we are going to start this discussion talking about what we can do and the president has put out several ideas that deserve the attention of the 435 members of this house and the 100 senators. because there are things that really can be done immediately to significantly reduce the cost of medicare. just in listening to my colleagues here on the floor discuss the departure of some extraordinary members f
the fiscal cliff deal has come to? why 81-year-old former senator alan simpson is going gangnam style to get everyone's attention on debt. >> it has officially jumped the shark. >>> alan st. pierre is the executive director for the national,or for the reform of marijuana laws. oregon senator jeff merkley, heidi ewing, and rachel grady will be joining us. steve satich, ohio congressman, steve latourette, and ambassador nick burns are our guests this morning. it's thursday, december 6th, and "starting point" begins right now. >>> welcome, everybody. our starting point this morning, some major developments to tell you about in egypt, after angry protests against political moves by the president, mohamed morsi, have turned deadly. tanks, armored personnel vehicles, all stationed outside the presidential analysis cairo. not only are they guarding the palace, they're also keeping apart supporters and opponents of morsi. hundreds of his islamist supporters already taking to the streets in cairo this morning. opponents are gathering not very far away. last night the two sides clashed right outside t
like a campaign rally. he's out there campaigning now for his position on the fiscal cliff and also campaigning against the anti-union vote that's coming up tomorrow in michigan. >> he certainly owes organized labor. and obviously if you're a democratic president and there's a ballot like this, certainly hard to see why you would stay away, especially in a state like michigan. but i think what we are seeing is the president applying pressure to the republicans and looking for wedges. one of the wedges we're going to see is the republicans who feel more strongly about the income tax versus republicans who feel more strongly about the capital gains tax. the president may offer different kind of concession, to those two groups. >> the criticism he's getting is instead of going out there and ka paining in michigan and elsewhere, bring these republicans over to the white house, get in a room, work out this deal this week as opposed to next week and resolve it so the country doesn't go over the fiscal cliff. >> where's congress right now? they're home. where's congress most of the time? a
happens with the fiscal cliff. that is coming. what it will cost you. bill: hello, old man winter. he is out there and he is acoming. a major blizzard raging across the midwest bringing record levels of snow. it is de10th, right? martha: it is time. bill: so who is next? ♪ . martha: old man winter, a major storm is pounding parts of the upper midwest, unleashing record levels of snowfall. that's a lot out there. high winds, frigid air. minnesota of course very used to this kind of weather this time of year but even this is really out of the ordinary. reporter tom halden with our minneapolis affiliate ksft. he is driving, i don't know if i recommend that. there he is. he is out of the car. how bad is it out there? >> reporter: well, martha, it is really cold. we have been driving around the twin city roads this morning. we've been streaming and thought, you know what? it is 12 degrees. we have a full foot of snow on the ground. the kids are out of school, a lot of them, why not hop out of the car and let you guys know that winter finally arrived here. you know what? this is normal ki
it comes to the fiscal cliff. but tim geithner just told cnbc that we're going to go over the cliff unless tax rates go up. at the same time, two dozen republican house members signed a bipartisan letter with democrats defecting from the boehner plan. in the meantime, a nice game for the day for the dow, but a stunning selloff for apple. do you know what? fiscal cliff or not, the s&p 500 is up 12% year to date. that is a handsome gain for investors, an optimistic year, believe it or not. and we already bailed out detroit's auto industry. but now, at least one motown politician is telling president obama he should bail out detroit bankrupt city government, too. this sure isn't the free market, and i asked why should a texas taxpayer bail out detroit? >>> breaking news from syria, and it is a blockbuster. the assad regime is walking and loading its chemical weapons, ready to use them on its own people. nbc's chief pentagon correspondent joins us now. jim, is this the red line president obama was warning about? >> well, not quite yet. u.s. officials tell us that the syrian military is poised
: a lot of the leadership and the players in these fiscal cliff discussions coming to the microphones moments ago. here is eric cantor, here is what he said. >> we have not had any discussion and any specific w-s thispecifics with this president about the real problem which is spending. we have got to do something about the spending. an obsession to raise taxes is not going to solve the problem. what will solve the problem is doing something about the entitlements, taking on the wasteful spending in washington. we can't just keep borrowing money and raising taxes and roblem to go away. that is our point to the president. as the speaker said, we want to sit down with the president waoerbgs wan, we want to talk spefrs. w specifics. we put an offer on the table. he out of hand rejected that. where are the specifics, and the discussions, nothing is going on. meanwhile people of this country are the ones who suffer. we ask the president, be specific about the spending, so we can address the wasteful spending in washington and address the problem. martha: eric cantor and john boehner saying
dollars surplus. maybe congressional republicans dealing with the fiscal cliff should take note. coming to us from sacramento is the former california state treasurer that lead the commission that was tasked with figuring out the financial meltdown. welcome inside "the war room." >> good to be with you. >> jennifer: all right. what do you credit the expected surplus to? growing economy? prop 30? what is it? >> the economy is beginning to inch back in california but prop 30 obviously had a huge impact. what has been happening in california now for many years is the tide has turned away from the jarvis stage. local tax and bond measures have been passing all over the state where local leaders have had the courage to go to their residents and make the case for better schools, transportation and public safety. 70% of the school bond measures which are increases in local property taxes passed. 80% in 2012. this has been going on for more than a decade and part of the reason i think we haven't seen it at the state or national level, is leaders had been timid to make the as
. investors waiting to see what comes out of the fiscal cliff negotiations and in europe, a choppy start to the trading day. investors are waiting for the results of greece's bond buyback program occurs. joe has some of the big corporate news and this one is actually a global corporate story. >> hsbc. we're talking about paying $1.9 billion in the money lawnering lapses. a brirchb lender admitting to a breakdown of controls, in a statement announcing a deferred payment. yesterday standard chartered agreed to pay $27 million agreeing that it violates sanctions against iran and two other international companies. >> if you're an international bank and you prael without getting into this kind of trouble? >> no. >> can you actually operate without money laundering? >> i'm just saying, if you're going to be in business in all these types of markets, isn't this going to happen? >> aren't there sxwier countries that would be probably -- that it would stead if you don't want any business tale. >> was there a fascination in this country about whether you want to indict the whole institution or wha
to be republican, by the way,. >> sean: coming up, the fiscal cliff. we have an update what remains in washington, but now even bill clinton's former chief of staff admits the president's plan won't work, and he's calling for spending cuts. i'll get reaction from rudy giuliani as we continue. remember the two deejays in australia. they speak out tonight for the first time as they explained what happened with that hoax what happened with that hoax suicide straight ahead. [ male announcer ] you are a business pro. monarch of marketing analysis. with the ability to improve roi through seo and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. i'm going b-i-g. [ male announcer ] good choice business pro. good choice. go national. go like a pro. ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, children laughing ] move to the country, d live a long, happy life together where they almost never
convinced they are not going to come to an agreement on the fiscal cliff unless compelled to do so by an adverse external event like a sharply lower equity market. lou: and is, you know, i can't imagine a market ever going down as john is suggesting here simply because a government chooses not to function. >> well, if it means we're headed into recession, the markets will react. in a typical bear market, stocks sell off by 20%. it's great to have a compromise before the year end, but time is running out. it's not possible. lou: how is it that a treasury secretary responsible for the integrity of the markets, the currency, responsible, indeed, for the financial system of this country, largely, broadly, and internationally, would sink to the level of a political operative making statements about we're going over the fiscal cliff and we're ready to go. >> the president put him in charge of the negotiations from his point of view. lou: clever. >> he's wearing two hats at this point in time. consider here, yes, there's a big complicated negotiation that needs to take place, but there's
on a fiscal cliff deal. meanwhile, the president said he's confident republicans will cave on the tax increases. we'll discuss the fiscal cliff with our "morning joe" panel. >>> and now, mercifully, i need your help. are you with me on this one? the phrase fiscal cliff, i'm over it, time's up, date reached on the expiration, nails on the chalkboard annoying. can't we be a little more creative? this is where you come in. e-mail your alternative to the phrase "fiscal cliff," and i'll use the best one tomorrow on our show. we won't use fiscal cliff, i promise. so far, my best, budgetary bluff? yeah, the bar's been set very low. >>> up next, we'll huddle around the water cooler, where jon stewart stepped out of his comfort zone with an eminem-inspired rap for the michigan protesters. >>> well, enough with the real news. let's gather around the water cooler. and first, a little moment of silence. louis louis, who wouldn't miss a second of on-camera opportunity has been talking to the porcelain god all night. not sure why. we wish you the best, louis. see you tomorrow morning. >>> well, a d
families hostage to bring on the fiscal cliff. there is a lot of bluster coming from republicans, but that is crumbling quickly. every day, we read about more republicans breaking ranks, calling out the speaker to allow tax rates to rise on the wealthiest. yesterday, it was parker and coburn. today, florida governor haley barbour. he said, "i would take raising rates on the top brackets if, in return, we had tax return." he wants the rates to go up on the top two brackets. as soon as republicans accept reality, middle-class families taxes will not go up. i am confident an agreement can be reached. >> [indiscernible] placeholders and cloture motions? some republicans are saying this is restricting the amendment process, and part of the reason they are threatening to filibuster. why have you chosen to pursues those -- pursue those practices? >> i have explained before, but let me give an example. we have to spend 8 to 10 senate days, a couple of weeks, to get on a bill, because they virtually oppose every time we try to get a bill. that with 10 days. with that 10 days, if we did no
of the u.s. are solid, despite the fiscal cliff concerns coming out of washington. she says stocks could get hit in the early part of the area if we go over the fiscal cliff, but the fundamentals of the economy are still good. >>> all right. apple stock dropped more than 6% yesterday. shares were down about half a percent in pre-market trading this morning. no concrete news pushing them down, but today there's another hearing in the patent case with samsung in california. and a tech research report generatored a lot of buzz that apple's tablet competitors could eat into its market share. >> interesting. >> thanks, christine. >>> well, the good news is, let's do the fiscal cliff and the good news. and it's not very much. but at least the two sides are talking, by phone. not face to face. house speaker john boehner and the president are hoping to break the fiscal cliff ice. now we're just mixing metaphors, left and right. speaking on the phone, 26 days left, of course, until we tumble over the cliff or slide down the slope or fall off the precipice or however you want to put it. we could,
that are out there that are going to affect every american life such as the fiscal cliff. every president has obligations, parts of his job and duties he has to do, you know that firsthand, but come on, we don't need to put this punk up there, talking to him at the top of the newscast when we've got so many other things, but the president does this to us. these are presidential decisions. i don't think he's very well served by his staff that puts him in these positions. >> that's a really great point. we'll continue to talk about all the things you have on your plate. we're grateful you joined us tonight. thank you so much. >> thanks, dana. >> tonight a powerful u.s. senator is telling president obama it's time to start manning up on the fiscal cliff, the point of attack coming from south carolina senator lindsey graham. is he right? does the president need to do? kevin mccarthy joining us tonight. there's a public negotiation owing on. you could read one article and think we've made progress in washington in getting to a deal, then you read another piece and it's two steps back. you're here.
and that there is a significant downward correction to come? >> the biggest risk is fiscal cliff. it is a weak fourth quarter. we could have a much better year if we choose to avert the fiscal cliff and move toward credible deficit reduction. if we don't, i think that's the real critical bet is will we get there or not? >> good to see you both. have a great weekend. thank you very much. >>> simon mentioned we're going to get exclusive reaction to today's job report from goldman sachs chief economist jan hatzius straight ahead. >> who better to sit down and talk with than whirlpool. >> announcer: the number is out. >> november nonfarm payrolls increased by 146,000 jobs. >> announcer: were you able to nail the number? if so, you may be the winner of this picture frame signed by the "squawk on the street" gang. find out if it was you later on "squawk on the street." if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a
whether washington can work out a deal to avoid the fiscal cliff. stocks rising, well, modestly is a big, strong word for what happened. technology stocks helping the dow up 15 points. the s&p up a fraction, the nasdaq rose nine. trading light. technology stocks strong in the market, and i'm speaking, obviously, comparatively. hewlett-packard setting the tone, leading the sector, not commenting on speculation that carl icahn has been amazing a position in the stock -- amassing a position in the stock. cisco systems -- mcdonald's, also a dow stock rising on news that sales rose 2.5% last month. that stock up just about 1% today. piper jaffray calling apple a $900 stock based on fundamentals. it may be, but it's got a ways to go after today, apple losing $3.43 on the day, $8 above its low of the session and trading slightly higher in after hours. crude oil prices down on the day for a fifth straight session closing at 85.56, the decline in crude also showing up at the pump. the average price of a gallon of gasoline dropping 11 cents, and we're looking at an average price of $3.34 a gallon.
: there is no fiscal cliff. there is a fiscal slope. the earth doesn't stop spinning, the sun will come up, the moon will come up and we will have to do things in john. taxes will go up and the democratic party and hopefully some responsible republicans will vote to make certain that we remove this tax cut that would take place. >>eric: no talk about responsible democrats to stop spending so were, or cut back the spending, not just cutting back the increase rate in spending but item spending cuts. >>guest: the rate of increase doesn't have anything to do with the spain people are suffering whether they are middle class or poor. we were talking about the so-called fiscal cliff, if that happens, automatically taxes are going to go up for everyone. maybe, then, someone would ask, who was it that said we shouldn't just pass the tax cuts to make certain that the working poor and the middle class get it, who stopped us and who pushed us over the cliff. it won't be the democratic minority in the house of representatives. >>eric: always good to talk to you congressman rangel. good to see you, sir. paying fo
up, the fiscal cliff. we have an update what remains in washington, but now even bill clinton's former chief of staff admits the president's plan won't work, and he's calling for spending cuts. i'll get reaction from rudy giuliani as we continue. remember the two deejays in australia. they speak out tonight for the first time as they explained what happened with that hoax suicide straight ahead. ford c-max hybrid. when you're carrying a lot of weight, c-max has a nice little trait, you see, c-max helps you load your freight, with its foot-activated lift gate. but that's not all you'll see, cause c-max also beats prius v, with better mpg. say hi to the all-new 47 combined mpg c-max hybrid. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. to tell real people about our new 15 under $15 menu. oh my goodness! oh m
speaker boehner is facing some intense pressure, not just when it comes to the fiscal cliff, but also over his ability to remain head of the house. several members of the g.o.p. have already hinted that they will not vote to re-elect him. just yesterday the conservative interest group american majority action endorsed georgia representative tom price to replace boehner. the group is launching a lobbying effort, trying to get more rank and file republicans on board with that vote. for now, boehner is not in any danger and a spokesman says price will not challenge him but house members can vote for anyone they choose come january 3rd. >>> when it does come to the fiscal cliff, both boehner and obama say they want more specifics. the president is promising $400 billion in reduced entitlement costs but boehner's office wants more details on what exactly those will be. and boehner is claiming he will increase tax revenue by limiting deductions and loopholes but has still failed to specify exactly which ones. at a michi
've heard a million times, the end of the year, that's the fiscal cliff if we don't come up to a solution by then, we're going to sail off the fiscal cliff thelma and louise style. washington doesn't work like where everybody is in the hall and work it out. no, they're estimating if we're going to wind up with a deal that will go into effect on the first day of january, 201, they've got to hammer things out by this weekend. so this weekend is the fiscal cliff. >> gretchen: because it takes a while to write the bills. >> eric: and has to originate in the house and right now, john boehner and president obama are miles apart allegedly. it doesn't look like they're gotting any closer. so it's got to go to the house, then gets sent, assuming it passes, to the senate, gets marked up and has to be agreed upon in committees and conference and then eventually gets signed by the president. >> steve: it just takes time. >> eric: there is a holiday. >> gretchen: somebody who had to handle something similarly about a decade ago was rudy guiliani when he was mayor of new york city. he was faced with a
on the fiscal cliff as we should be, but we're looking at a national security cliff coming as well, bus you've got the middle east basically in many ways spiraling out of control. al-qaeda resurging across the region. a president who is sitting silently, the state department calling for calm. in egypt you've got people who want democracy rising up against the muslim brother hood who is not a friend of the united states,f the united states, and clearly we have put ourselves in a position but we don't have the ability to influence the outcome. >> sean: what's amazing to me, i mean, this is now being chronicled. the silence is deafening. >> right. >> sean: there's two instance where i think obama should have spoken up, and i don't think in the case of mubarak as imperfect as he was. i predicted and you and a few others predicted the muslim brother hood would take over. exactly what is happening was not unpredictable. but as i watch all of this unfold, he wasn't there for the iranian green movement. >> right. >> sean: he's not here now. what is he standing for? >> well, you had president obama
ne geithner announced of of the white house that we would, quote, absolutely go over the fiscal cliff which would trigger tax cuts and spending increases unless taxes increase on the top two percent of wage earnings. >> i want you you to understand when it comes to raising taxes on the wealthy. if republicans do not agree to that, is the administration prepared to go over the fiscal cliff? >> oh, absolutely. there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthy. >> all right. it appears the very definition of the american dream is now being rewritten by president barack obama. now, today our commander-in-chief publicly said he's not going to play games with the fiscal cliff, but that is just not reality. right now the president is playing a very dangerous game of chicken and this is with your paycheck and the american dream. meanwhile, the republicans have allowed themselves to get caught in a circular firing squad. they're negotiating publicly among themselves while true conservatives and tea party members are being removed from ke
in this fiscal cliff fix, but the fix may be coming. i'm kudlow. we'll be right back. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. >>> u.s. tax dollar funded battery marker a-123 systems is up for sale. the winning bid goes to -- china. so i asked was red china rising why u.s. taxpayers have to finance their battery companies. here's ann lee, author of "what the u.s. can learn from china," professor of nyu and visiting professor from beijing university and author kwof "death by china" and cnbc contributor. ann, let me go to you first. if we, the u.s. taxpayer and government are dumb enough to build a goofy battery company that goes bankrupt why shouldn't china scoop it up? >> i think this is a great story. first of all, taxpayer money wasn't wasted. all that money from the government went to help property plant an
to extend just to middle class tax cuts to avoid the cliff for now and come back next year with more leverage to tie spending cuts and medicare reform to another hike in the nati's debt ceing. >> we're not going to play that game next year. if congress, in any way suggests they tie negotiations to debt ceiling votes, and take us to the ink of default again as part of a budget negotiation, i will not play that game. >> republicans held their meeting with small business owners and denied they are trying to punt until next year. >> i'll be here. i'll be available at any moment to sit down with the president to get serious about solving the problem. >> they noted the president has not scheduled any meetings with g.o.p. leaders in weeks and not offered a counterproposal to boehner's plan from last week. >> frankly, it was the balanced apoach the president's be asking for. we need a response from the white house. >> reporter: the president continues to envies the only impediment to t deal is boehner's $800 million in tax revenue is not enough. >> the hold upright now is that speaker boehne
was an empty letter. >> when it comes to fiscal cliff that's threat nick our economy and threatening jobs, the white house has wasted another week. >> tax cuts is what caused the fall of the united states from super power status. >> this president just won a big election and you would think that he would want to lead. >> we've had the election. the president was clear in the campaign that he was advocating and fighting for the middle income tax cuts. >> tax cuts. the whole premise of tax cuts is going to be blamed for all of this economic mess. >> this is a moment of truth. the clock is ticking, christmas it coming, the goose is getting fat. in many homes across america, it's a very, very lean time. >> the reports indicate that the president has adopted a deliberate strategy to slow walk our economy right to the edge of the fiscal cliff. >> greta: with us is co-host of the five, greg gutfeld. he has a new book out, the joy of hate. he's been on a road trip having a book tour, so he has been talking to lots of people and they have been talking to him. so we want to know. are americans frus
's what we have three hours for. >> it was dumb. >> the name fiscal cliff where did that actually come from? >> i don't know. >> bernanke maybe. >> maybe. >> really? >> maybe bernanke. >> that thing really stuck. >> that's a good question. that's good trivia. i'll goog it. >> we've said it's not really. it doesn't happen really. it's more of a ski slope it's not a black diamond slope. it's more advanthan advanced. >> a double blue. >> but not without a lot of moguls. >> dan gilbert is the own of the cleveland cavaliers and the founder of quicken loans and you're the perfect person to have here because you have your finger on so many different things happening in detroit and around the country. let's start with the housing industry this morning because people have been trying to figure out if the resurgence there is for real. you see so many people who are coming in either for mortgages or refinancing. what do you see happening? >> well, you know, real estate is local as we all know. it's a market-by-market thing and when you put a national number to it you're taking an average that is
that extra half hour to work things off. we have a good show coming up today, mika? >> the fiscal cliff stuff, the one-on-one noexations are going well. "getting more serious." the fight about it all continues. how about right to work. thousands of people are expected to converge on the michigan state capital in lancing today, as part of a controversial union battle that is about to unfold. >> that is going if be fascinating. >> are we going to be serious? >> yes, yes. when in doubt, serious. >> asking you about pot or growing the economy? growing weed or the economy? >> republican lawmakers are trying to push through this. >> michigan is a heavily unionized state, why would it be going right to work? enormous downward pressure on american wages coming from companies all over the world that can make things cheaper here than else where. our wages are competitive in lot of ways. do you want fewer jobs at higher wages or more jobs at lower wages? what you see in this is a decision that we want more jobs. >> you look at the trend lines for michigan, detroit. i think that's a pretty easy. i mean,
in the eye and actually had a conversation. now that's a really big deal when it comes to the fiscal cliff crisis. because in just 22 days americans face severe tax hikes and spending cuts unless these two leaders can find a way to compromise. now neither side would discuss specifics about their conversation. but after yesterday's white house meeting, a spokesman for the president said "the lines of communication remain open." now that may be music to the ears of former white house chief of staff erskine bowles, one half of the bowles-simpson reduction duo. >> they started a tango now. you know, any time you got two guys in there tangoing, you have a chance to get it done. >> brianna keilar is live now from washington. we don't have a lot of details about what went on in that meeting. maybe if they're both not talking, that may be a good thing. >> that's right. in fact, we have almost absolutely no details. the things that really interesting, though, to observers here is the statement that came out from the white house and from the speaker's office. they're the same statement verbatim. the
. when it comes to the fiscal cliff, you have to go back to that quickly. are you going to be there on december 31st at 11:59 voting on a deal or will there be something beforehand? >> all of the commentators seem to think there is going to be a deal. i don't know. the republicans seem to be caving in or beginning to set the door to cave in on agreeing to some tax rate increases. but a deal that says what some people are talking about will increase the tax rates to not as much as they were under clinton. and return will put a limit on cost of living increases for social security, will increase the eligibility age for medicare. as the republicans are demanding is not an acceptable compromise as far as i'm concerned. you have a lot of democrats voting against any such agreement. >> eliot: you are raising the critical issue that has not gotten any substantial and necessary attention as it should which is what will the cost-cutting be. where will it come from? how will entitlements be affected if at all and wh
that might come with the fiscal cliff. smart move, robert? >> i think he is a cnbc viewer. he is taking the advice we gave a few weeks back. take the lump sum, pay a letter tax. he hired a financial planner and we are told web he put that money in bank to give himself time to develop a financial plan and not go crazy and spend it. i think he has been watching us and taking our advice. >> all right, robert. thank you very much. >>> should the inheritance tax be abolished? 61% say yes. the money should go to the recipient and not the gov. 5% say no. the government needs money right now. 34% say leave it at the current level. and of course, this is money probably already taxed. that's why it is such a hot topic. >> that is why it is such a hot topic. absolutely. >> let's talk about facebook. the stock continues it rise. julia boorstin is here with the reason why. >>> and pot smoking in a chris letter plant getting a lot of buzz on twitter this morning. phil, tell us about that. >> this is one of the stories where people are saying, are you kidding me? you can pretty much do anything and st
until our economy falls off the tax and fiscal cliff. just where do we stand on a deal coming out of washington, d.c.? cnbc correspondent joins us with all the details. >> reporter: as you know the white house's strategy since the election has been to break republican resistance on two issues. one is tax rates and one is an increase in the debt limit. he hasn't succeeded or budged off that attempt so far which is why john boehner came out in a news conference today and slammed the white house for not being willing to compromise. >> four days ago we offered a serious proposal based on testimony of president clinton's former chief of staff. since then there's been no counter offer from the white house. instead, reports indicate that the president has adopted a deliberate strategy to slow walk or economy right to the edge of the fiscal cliff. >> a few hours later you had a slight indication of flexibility from the administration. vice president joe biden was out. he reiterated those two nonnegotiable demands on the part of the administration but said the actual amount of that top rat
. this is not a proper support because there is no progress to report. when it comes to the fiscal cliff, the white house has wasted another week. eight days ago, secretary brightener came here to offer a geithner pena to offer a plan. four days ago, we offered a proposal based on testimony of president clinton gaming former chief of staff. there has been a counter offer from the white house. reports indicate that the president has adopted a deliberate strategy to slow walk our economy to the edge of the fiscal cliff. instead of reforming the tax code, the president wants to raise tax rates. if the president get the tax hikes he wanted, we would continue to see trillion-dollar deficits for as far as the eye can see. washington has a spinning not a revenue problem. if the president does not agree with our proposal, he is obligated to offer a plan of his own, a plan that can pass both chambers of the congress. we are ready to talk to the president about a plan. >> you spoke with the president earlier this week. did he have any counter often? fer? he is making it clear that there have to be increases for th
ago is 10 percent and the chance of the fiscal cliff and higher taxes killing the economy is probably 50 percent and, yes, you are right, we are still not fixing the problem or coming to a solution. one thing, remember, when we had the problem with the debt downgrade and the different talks a year ago? there were the scare tactics from washington about what would happen to interest rates, and what would happen to social security, and interest rates went down, people got their checks and everything was fine. >>neil: i am reminded of the words of the apollo 13 command other, can you not fake the magnitude of a disaster but washington can paper over a problem with cuts that are not real, and revenues that may not be what they appear to be, so, the fear is the same, it is presenting something that ultimately markets will not buy and people will not trust. >>guest: that is right. and, also, put in the notion it has to be done in the next three weeks or else, and look what has happened with the debt numbers. the nones are absolutely out-of-control. it will be over $20 trillion here in the n
are the drivers of deficit. if we can come as part of avoiding the the fiscal cliff, put in place a framework where that's done seriously, i would be all for it. host: what about adding new stimulus money? guest: i don't think the previous stimulus was well done. i think it was too have the on government spending and not enough on reducing the tax take of the federal government, putting the money in the hands of the actual households. i'm for allowing the payroll tax deduction that occurred in 2011 and 2012, i support continuing that. if that would put money directly in the pockets of working families. that could actually help the economy. i am dubious that more spending through stimulus type measures that were enacted in 2009 would do much good. i don't think they did very much good the last time. host: your take? guest: a one-year deferral would be ok. the rest of the package looks good. i think on the stimulus idea, the $50 billion you mentioned, we still have an unemployment rate of 7.7%, which is very high by historical standards. this recovery is very fragile. if we start raising revenu
't be happy about it. >> reporter: as lawmakers rush to rescue the economy from the fiscal cliff emergency, they have focused -- as have we thus far -- on itemized deductions. but when it comes to tax breaks or preferences, says robert... >> not just deductions. it includes things like exclusion from income, the biggest one of which is the we don't tax you on the premiums your employer pays for the health insurance we get. much bigger than anything on the deduction side. it's not the only exclusion we have. the exclusion of all the contributions to the retirement plans, your 401(k), your irks r.a., also very, very large. >> reporter: we're not going to start counting as income the money that our employer puts in for our medical insurance, are we? or for that matter, we're not going to get rid of the exclusion for putting money into a 401(k) to deaver taxation but encourage us to save more. >> it's pretty unlikely we'll count all of that income. we're already scheduled to count some of the premiums paid your employers. in 2018 the obama care will start taxing the very highest premiums, the
and the so- called fiscal cliff. that is coming up next on c- span3 then a panel on innovation and the economy. later a conversation about how the fiscal deadline and sequestration could affect national security in the defense budget. >> on tomorrow morning's washington journal, and look at the so-called fiscal cliff and what happened of budget cuts take place in january. jim doyle on the aspect of businesses. after that, charles clark with domestic program cuts. and more about the issue with the brookings institution and ethics of public policy center. and your e-mails, phone calls, and tweets. live tuesday at 7:00 a.m. eastern on c-span. >> president obama talking about the economy and the need to reach an agreement with congress on the january fiscal deadline terry the president spoke at the daimler diesel plant outside of detroit. his remarks are about 25 minutes. >> hello, redford! [applause] it is good to be back in michigan. [applause] how is everybody doing today? [applause] now, let me just start off by saying we have something in common -- both our teams lost yesterda
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